The Mexican peso appreciated on Friday for the fifth consecutive day in a session with little relevant economic information and investors awaiting the impact of central bank measures to control inflation.
Exchange rate from dollar to pesos
According to information from Bloomberg, the Mexican currency was trading this Friday morning at 19.88 pesos per dollar , with an appreciation of 0.36%, compared to the close of the day on Thursday, when the dollar was sold at 19.9612 pesos per unit, according to the .
For the rest of the day, the exchange rate could fluctuate between 19.85 and 20.05 pesos per dollar, according to Ci Banco estimates.
The peso outlines a week of gains supported by the expectation of a less aggressive United States Federal Reserve in the pace of increases in its interest rate and the anticipated rise in rates by the Bank of Mexico announced on Thursday, according to analysts of Basic Bank.
"Traders continue to optimistically discount that inflation may have peaked in the United States," Ci Banco noted.